Cabot Corporation Announces Board of Directors Changes

January 19, 2018 09:00 AM Eastern Standard Time

BOSTON--(BUSINESS WIRE)--Cabot
Corporation(NYSE: CBT) announced today that Dr. Cynthia
Arnold has been elected to its Board
of Directors, effective January 18, 2018. She was also appointed a
member of the Compensation Committee of the Board of Directors. Dr.
Arnold recently retired from her position as Chief Technology Officer of
The Valspar Corporation, where she was responsible for technology
strategy, project portfolio and organizational development of the global
technology function across eight Valspar businesses. Prior to joining
Valspar in 2011, Dr. Arnold served as Chief Technology Officer at Sun
Chemical Corporation.

John F. O’Brien, Non-Executive Chair of Cabot’s Board of Directors,
said, “We are very pleased to welcome Cynthia to the Board. Her depth of
global experience in diverse applications, materials innovation
processes and cross-functional operations, combined with her
understanding of the value chains in which Cabot participates will
further enhance the Board’s skills and expertise necessary to oversee
the Company’s ‘Advancing the Core’ strategy.”

“I am delighted and honored to join the Cabot Board of Directors. I look
forward to using my experience to help advance the achievement of
Cabot’s innovation and growth strategy, particularly as the Company
drives an increased focus on application innovation and formulated
solutions,” said Dr. Arnold.

Cabot also announced the election of Sue H. Rataj as Non-Executive Chair
of the Board of Directors, effective March 9, 2018. Mr. O’Brien, who has
served as Non-Executive Chair since 2008, will remain on the Board
following this Board leadership change. Ms. Rataj joined the Board in
2011 and is currently Chair of the Compensation Committee and a member
of the Governance and Nominating Committee.

“The Board is delighted to announce this Board leadership succession.
Sue’s substantial management experience as former Chief Executive of
Petrochemicals for BP, and her experience with public company Boards,
make her an ideal candidate for this role,” said Sean Keohane, president
and chief executive officer of Cabot Corporation. “In addition, on
behalf of our Board of Directors and management leadership team, I want
to thank Jack for the dedication and leadership he has shown as Chair of
the Board. We look forward to his continued service and many
contributions on the Board.”

In addition, Cabot announced the upcoming retirement of Roderick C.G.
MacLeod from the Board. Mr. MacLeod, who has served as a director of
Cabot since 1998 and currently serves on the Audit Committee and the
Safety Health and Environmental Affairs Committee, is retiring from the
Board effective at Cabot’s Annual Meeting of Stockholders to be held on
March 8, 2018.

“Rory has provided insightful leadership and guidance during his tenure
on the Cabot Board of Directors,” said Mr. O’Brien. “We have benefitted
greatly from Rory’s vast experience and wise counsel. On behalf of
everyone at Cabot and the Board, I extend our heartfelt gratitude to
Rory for his years of service to the Cabot Board and wish him all the
very best.”

Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: Statements in the press release regarding Cabot's business that
are not historical facts are forward looking statements that involve
risks and uncertainties. For a discussion of such risks and
uncertainties, which could cause actual results to differ from those
contained in the forward looking statements, see "Risk Factors" in the
Company's Annual Report on Form 10-K.